Gold (XAUUSD) – Breaking the $4,000 Barrier 🚀

[m_c_jacob]

Since last Thursday’s low at 3820, Gold has been rising aggressively — a move now exceeding 2,000 pips.
Last night, the price broke above the impressive $4,000 milestone, showing no signs of slowing down.

At this stage, the price action is contained within an ascending channel, and given the strength of the current momentum, a break above the channel looks increasingly likely.

Bullish target: around $4,120 if the breakout confirms.

Negation: comes only if Gold fails to sustain above $4,000.

Momentum is clearly bullish, and as long as this structure holds, the path of least resistance remains upward.

[Pitchfork_IS_power]

Strong breakout setup As long as Gold stays above $4,000, momentum favors bulls — $4,120 looks well within reach if this channel holds